Clipper Realty Inc. (NYSE:CLPR) Short Interest Up 21.1% in December

Clipper Realty Inc. (NYSE:CLPR) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 210,217 shares, an increase of 21.1% from the December 15th total of 173,631 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 95,579 shares, the days-to-cover ratio is presently 2.2 days. Based on an average trading volume of 95,579 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.8% of the shares of the company are short sold.

Insider Activity at Clipper Realty

In other news, Director Sam Levinson acquired 33,494 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $3.71 per share, with a total value of $124,262.74. Following the transaction, the director directly owned 57,099 shares in the company, valued at approximately $211,837.29. The trade was a 141.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 58,263 shares of company stock valued at $216,184. Company insiders own 53.01% of the company’s stock.

Institutional Trading of Clipper Realty

Hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Clipper Realty in the 2nd quarter valued at $955,000. Focus Partners Wealth acquired a new stake in shares of Clipper Realty during the third quarter worth $335,000. Jane Street Group LLC boosted its position in shares of Clipper Realty by 56.4% in the first quarter. Jane Street Group LLC now owns 142,027 shares of the company’s stock valued at $545,000 after acquiring an additional 51,231 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Clipper Realty in the first quarter valued at about $193,000. Finally, Geode Capital Management LLC grew its stake in shares of Clipper Realty by 9.3% in the second quarter. Geode Capital Management LLC now owns 333,970 shares of the company’s stock valued at $1,226,000 after acquiring an additional 28,385 shares in the last quarter. 37.57% of the stock is owned by institutional investors and hedge funds.

Clipper Realty Price Performance

NYSE:CLPR opened at $3.64 on Wednesday. The company has a market cap of $58.71 million, a P/E ratio of -3.25 and a beta of 0.98. The firm’s fifty day moving average price is $3.60 and its two-hundred day moving average price is $3.84. Clipper Realty has a one year low of $3.31 and a one year high of $5.16.

Clipper Realty (NYSE:CLPR) last announced its earnings results on Thursday, November 13th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $37.70 million for the quarter, compared to the consensus estimate of $37.90 million. As a group, equities research analysts expect that Clipper Realty will post 0.39 earnings per share for the current year.

Clipper Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Wednesday, November 26th were given a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.38 annualized dividend and a dividend yield of 10.5%. Clipper Realty’s dividend payout ratio is presently -33.93%.

Clipper Realty Company Profile

Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.

The company’s primary activities include property acquisition, selective repositioning and asset management.